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Halfords FY25 results continue previewed trajectory; Autocentres sales dip

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Halfords Group plc has reported a robust financial performance for the 52 weeks ended March 28, 2025 (FY25), with underlying profit before tax (PBT) exceeding expectations at £38.4 million, a 6.4 per cent increase from £36.1 million in FY24. However, the Autocentres division, which accounts for 40 per cent of group revenue, saw revenue drop from £715.7 million in 2024 to £710.3 million in 2025. Nevertheless, like-for-like sales increased 3.7 per cent, driven by strong performance in Service, Maintenance, and Repair (SMR) services and despite a challenging tyre market. In other words, SMR work is offsetting the decline in tyre replacement work.

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Related news:

  1. Halfords Autocentres revenue up 70% year-on-year; 14.3% like-for-like
  2. Halfords reports ‘strong finish’ to 2025, shares rally
  3. Henry Birch named CEO, Graham Stapleton leaves Halfords after seven years
  4. Halfords Autocentres prop up group sales growth, amidst under pressure tyre demand
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Henry Birch named CEO, Graham Stapleton leaves Halfords after seven years

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Graham Stapleton is stepping down as a director of Halfords Group and Henry Birch has been named as his replacement as chief executive officer. Stapleton led Halfords for over seven years leading its strategic change from a cycling and motoring retailer to “a leading omnichannel retail and services business”. During Stapleton’s tenure, annual revenues grew from £1.1 billion to £1.7 billion with more than half of group sales now service-related (FY19: 24%).

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Related news:

  1. Recruitment roadblock reduces Halfords profitability, but tyres continue to drive growth
  2. Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition
  3. Halfords investing £3.5 million in creating 1000 automotive technician roles
  4. Halfords shares up 11% after first-half 2025 results
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Halfords reports ‘strong finish’ to 2025, shares rally

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Halfords has reported a “strong finish” to 2025 figures for the company’s financial year which runs broadly in parallel with the UK tax year. Sales grew at more than 2 per cent, after strong growth in previous year results. Highlights include outperformance of the group’s £30 million cost saving target, mitigating more than £30 million of inflation in the year. As a result, underlying group profit before tax is predicted to be “at the upper end of the £32 million to £37 million range…”. Financial markets responded positively to the news, with Halfords shares up @12 per cent in the first couple of hours of trading after the financial data was released.

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Related news:

  1. Halfords Autocentres revenue up 70% year-on-year; 14.3% like-for-like
  2. Halfords Autocentres prop up group sales growth, amidst under pressure tyre demand
  3. Halfords shares up 11% after first-half 2025 results
  4. Halfords shares plummet after consumer tyre-related profit warning, but Autocentres remain ‘bright spot’
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Halfords shares up 11% after first-half 2025 results

Halfords Group plc’s share price shot up after the publication of financial results that both acknowledged market headwinds and reported the acceleration of the motoring retailer’s “Fusion” retail plan. Halfords stock was trading in London at £151.36 a share, up 12.62 per cent during the last five days. Market confidence is clearly high, however, financial analysts also warned that Halfords faces an “uphill struggle” in the execution of its ambitious plans.

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Related news:

  1. Halfords and Mobivia forge long term sourcing alliance
  2. Halfords shares plummet after consumer tyre-related profit warning, but Autocentres remain ‘bright spot’
  3. Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’
  4. Autocentres drive strong Halfords 20-week figures
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Halfords shares plummet after consumer tyre-related profit warning, but Autocentres remain ‘bright spot’

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Halfords Group’s share price fell by around a quarter in response to an unexpected profit warning notice on 28 February, which suggested Halfords would make substantially less profit than the firm forecast roughly a month earlier. At least part of the reason for the profit warning was softening demand in the consumer tyre sector. Halfords stock recovered slightly in early trading on the morning of 29 February, however the five-day chart shows that the company’s share price remains around a quarter down.

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Related news:

  1. Halfords Sales Reach £831.6 million Supported by Nationwide Acquisition
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Halfords’ major tyre retail play
  4. Lodge Tyres consolidated in 2020, growing in 2021
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